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MI SB0006
Bill
AI Summary
SB-0006 Summary
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Amends the General Sales Tax Act to redistribute 18% of sales tax collections on motor fuel to the Michigan Transportation Fund (instead of previous temporary fiscal year 2013 distribution method).
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Directs 15% of 4% tax rate collections to cities, villages, and townships through the Glenn Steil state revenue sharing act.
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Directs 60% of 4% tax rate collections plus all 2% additional rate collections (approved March 15, 1994) to the state school aid fund.
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Requires at least 27.9% of 25% of 4% tax collections from motor vehicle fuels, vehicles, and related parts/accessories sales to be deposited annually into the comprehensive transportation fund.
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Dedicates sales tax on computer software to the Michigan Health Initiative Fund with annual deposits between $9,000,000 and $12,000,000.
Legislative Description
Sales tax; distribution; percentage of sales tax collected on motor fuel to be earmarked to transportation funding in 2013 and each year thereafter; establish. Amends sec. 25 of 1933 PA 167 (MCL 205.75).
Transportation, funds
Last Action
Notice Given To Discharge Committee
12/17/2014